How much does Australia trade with China?

Australia is one of the few developed nations on Earth that exports more into China than it imports from China. In the 2018-2019 fiscal year, China took in about 32.6% of all Australian exports — that is about 153.2 billion Australian dollars ($116.79 billion). By far the largest export was iron ore.

What does Australia trade with China?

China is Australia’s biggest trading partner mainly due to China’s strong demand for iron ore, coal and liquefied natural gas. Exports to China helped Australia escape the worst effects of the global financial crisis.

How does trade with China affect the Australian economy?

According to statistics, the trade volume between China and Australia in 2019 was about $158 billion, while Australia’s trade surplus with China was close to $50 billion. Its exports to China were worth $103.90 billion, accounting for 38.2 percent of Australia’s total exports last year.

Does Australia have a trade surplus with China?

Despite ongoing tensions between Australia and its largest trading partner, exports to China increased $2.3 billion or 21 per cent in December, resulting in a $5.2 billion trade surplus, driven primarily by iron ore and wheat.

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How much does Australia import from China 2019?

Australia imports from China was US$56.95 Billion during 2019, according to the United Nations COMTRADE database on international trade.

Does Australia rely on China?

Australia relies heavily on foreign investment. China ranks only ninth as an investor in Australia, with a 3% share of total foreign direct investment. That investment has grown rapidly in the past few years, but China’s foreign investment is likely to fall as its savings rate falls.

What country owns most of Australia?

The British still own most of Australia when it comes to agricultural land, according to a national survey of foreign-owned farmland.

Why is China banning Australian goods?

China’s latest move straight from its punishment playbook

China said its latest decision to ban timber exports from South Australia and Tasmania was to “prevent the pests entering China and to protect our country’s forestry and ecological safety”.

How much land in Australia do the Chinese own?

CHINESE investors have continued to be the largest foreign entities with an interest (leasehold and freehold) in Australian farmland for a second consecutive year. They increased their investments by 0.5 per cent, bringing Chinese interests’ total area of Australian agricultural land to 9,199,000 hectares or 2.4pc.

Does Australia import food from China?

In 2018, the top partner countries from which Australia Imports Food Products include New Zealand, United States, Thailand, China and France.

Who is Australia’s biggest importer?

The largest trading partners

Rank Country/District Imports
1 China 78,321
2 Japan 26,967
3 European Union 47,573
4 United States 31,603
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What is Australia’s biggest export to China?

Australia is one of the few developed nations on Earth that exports more into China than it imports from China. In the 2018-2019 fiscal year, China took in about 32.6% of all Australian exports — that is about 153.2 billion Australian dollars ($116.79 billion). By far the largest export was iron ore.

What is Australia’s biggest export?

Searchable List of Australia’s Most Valuable Export Products

Rank Australia’s Export Product 2020 Value (US$)
1 Iron ores, concentrates $78,830,087,000
2 Coal, solid fuels made from coal $32,477,570,000
3 Petroleum gases $26,972,247,000
4 Gold (unwrought) $17,484,609,000

What are Australia’s top 3 imports?

Top Australian Imports

  • Refined petroleum – $18.5 billion.
  • Crude petroleum – $9.25 billion.
  • Gold – $3.85 billion.
  • Petroleum coke – $693 million.
  • Zinc ore – $649 million.

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What product is in high demand in Australia?

Computers and electronic goods

It’s no surprise then that, in 2019, machinery including computers was Australia’s number one import (constituting 14.3 per cent of total Aussie imports). Within that category, computers and optical readers (such as smartphones) outperformed the others by far.

What food does China export to Australia?

seafood (particularly saltwater shell fish such as oysters, crabs, lobster and abalone) fresh fruits (citrus, table grapes, cherries and mangoes) oats and other breakfast cereals. chilled and frozen beef.

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